En+ Group Investment Presentation

Strong Investment Fundamentals "Best in class” equity story characteristics 1 Industry position 2 Cost leadership 1.1. Leadership in geography, sector and segment 1.2. Size and business model scalability 2.1. Lowest cost position on the global cash curve providing cash flow resilience En+ Group alignment World class asset - global benchmark in aluminium market Ent GROUP #1 aluminium producer by production volumes in the world (ex-China)¹ ✓ #1 independent hydro power producer globally2 Lowest cash curve position on integrated basis Vertically integrated green business model – unique world-class power and aluminium asset base 3.1. Large, growing and diversified 3 fundamentals addressable market Strong of end market 3.2. Limited competition and high barriers to entry Fundamental aluminium demand drivers - structural shifts in electric vehicles and power infrastructure generating new sources of demand Continued impact from Chinese government environmental measures 4 Cash generation and growth potential Corporate 5 governance and management 4.1. Strong cash generation and cash flow resiliency 4.2. Proven, organic and resilient value- accretive growth 5.1. Board of Directors independence 5.2. Experienced and passionate management team with track record Strong cash flow resilience and robust margins on the back of well-invested operationally efficient asset base Potential for shareholder friendly capital allocation Robust corporate governance - highly experienced majority independent Board of Directors - Strong management team – proven capability of delivering on complex projects and operations (1) According to CRU estimates. (2) Based on the Company's internal data and peer companies' publicly available results, announcements, reports and other information. 6

View entire presentation